Finance news sponsored by SBTech

Canadian provincial lottery operator Loto-Quebec has recorded a 4.6 per cent increase in revenue to CAD$1.39bn for the first six months of its fiscal year, with growth across lottery products, casino gaming and online gaming.

Recent acquisitions by online gaming operator MRG helped the company grow third quarter revenue by over 50 per cent, with strong organic growth of 36 per cent versus Q3 2017.

The start of the new NFL season has helped Mississippi’s regulated sports betting market soar in September as the state’s casinos generated $31.77m in sports wagers during the month.

Stockholm-listed gaming operator Kindred Group has reported a 20 per cent increase in pre-tax profit for the third quarter of 2018, as solid revenue growth offset higher betting duties and marketing costs.

London-listed gaming operator Rank Group has reported a 4.9 per cent decline in revenue for the sixteen week period ended October 14th, 2018, with growth in digital revenue failing to offset a decline in retail.